About This Property
Chippewa Valley Apts in Cornell, WI comprises 20 low-income units that have served the community since 1992. The property offers a mix of one-, two-, and three-bedroom floor plans, with six 1BR, eight 2BR, and six 3BR units available. This development is financed through 4% Low-Income Housing Tax Credits and provides affordable rental housing in Chippewa County.
Property Details
Fair Market Rent - Chippewa County, WI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $777 |
| 1 Bedroom | $833 |
| 2 Bedroom | $1,039 |
| 3 Bedroom | $1,427 |
| 4 Bedroom | $1,555 |
Income Limits - Chippewa County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,200
- Low (80%)
- $69,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,600
- Low (80%)
- $79,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,800
- Low (80%)
- $84,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,800 | $28,000 | $44,800 |
| 2 Persons | $19,200 | $32,000 | $51,200 |
| 3 Persons | $21,960 | $36,000 | $57,600 |
| 4 Persons | $26,500 | $40,000 | $64,000 |
| 5 Persons | $31,040 | $43,200 | $69,150 |
| 6 Persons | $35,580 | $46,400 | $74,250 |
| 7 Persons | $40,120 | $49,600 | $79,400 |
| 8 Persons | $44,660 | $52,800 | $84,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cornell, WI?+
The Fair Market Rent (FMR) for Chippewa County, WI is: $777 (Studio), $833 (1BR), $1039 (2BR), $1427 (3BR), $1555 (4BR). Actual rent at subsidized properties like Chippewa Valley Apts is typically 30% of household income or less.
What size apartments are available at Chippewa Valley Apts?+
Chippewa Valley Apts offers the following unit types: 6 One-Bedroom, 8 Two-Bedroom, 6 Three-Bedroom units, for a total of 20 units.
How do I apply for housing at Chippewa Valley Apts?+
Chippewa Valley Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Chippewa Valley Apts?+
Chippewa Valley Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Chippewa County, WI?+
For a 4-person household in Chippewa County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $64,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Cornell, WI?+
Based on Fair Market Rent for Chippewa County, the estimated price range is: 1-bedroom: $833, 2-bedroom: $1039, 3-bedroom: $1427. Actual rent at Chippewa Valley Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
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